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Harry,
Do you ever get frustrated that you have all of these ideas and no one really cares what you want to do? "Harry Krause" wrote in message ... NOYB wrote: wrote in message ups.com... wrote: Yep, they're all about lower taxes..... Notice the 50% increase in the tax rate for the folks on the bottom end of the scale? (Increases from 10% to 15%). Mortgage deduction: Too bad it can't be saved for inexpensive "starter" homes purchased by young families, but a good percentage of folks who are allowing the government to subsidize their personal housing expense (by enabling them to pay interest on $1mm mortgages with tax-free dollars) A tax cut isn't a subsidy! also fall into a group that gnashes and wails at the very thought of any public assistance for low income renters. In reality, the mortgage interest deduction is probably safe- can you say "Catastrophic real estate crash", otherwise? It might be reasonable to phase out the mortgage interest deduction over a period of time, eliminating it entirely for mortgages dated after XX/XX/XX. It is long past time for a bi-partisan effort to reduce spending and/or raise taxes to restore some fiscal credibilty to our runaway spendthrift FEDGOV. I'd support the elimination of itemized deductions...BUT only if they went to a flat tax across all income levels. I'd make all income taxable at the current rates, and increase exemptions for families earning under $50,000, and, of course, I'd cut b ack drastically on corporate tax breaks. But I would offer incentives for those corporations building new factories and facilities in the USA. |
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